News

Report: Birdman Forced To Give Up Keys To Miami Mansion

By HHL JT
pixel_start

Last month,  we learned that Birdman is defaulting on the $12.5 million loan he took out against the $14.5 million Miami mansion he bought in 2012.

EMG Transfer Agent, who currently holds the loan, filed a foreclosure lawsuit against Birdman to recover the property.

It looks like that's been recognized. According to The Blast, Baby was ordered to immediately surrender possession of all keys and security system access to his 7-bed 11-bath 20,000 sq ft compound.

Next, a court-appointed executor will take control of the residence and all of its contracts, leases, rental agreements, fixtures, furniture, and equipment. 

Nobody can sell the property until the foreclosure lawsuit is resolved, but the executor will be able to rent or lease it.

So if Rick Ross is still looking for a new Miami pad ...

pixel_end
Posted In: News Birdman
News Report:  Puff Daddy Is Running MDC Brooklyn Report: Puff Daddy Is Running MDC Brooklyn / News News Roc Nation Signs Four New Rappers Roc Nation Signs Four New Rappers / News News Drake Has The Internet Buzzing After Sharing New Lyrics Drake Has The Internet Buzzing After Sharing New Lyrics / News News Dr. Dre Shades The Game When Asked About Super Bowl Halftime Show Dr. Dre Shades The Game When Asked About Super Bowl Halftime Show / News News Reginae Carter Responds To Backlash For Showing Her Bare Butt Reginae Carter Responds To Backlash For Showing Her Bare Butt / News News Shyne Explains how Much Diddy Gave Him For Ten Years & Spitting in His face Shyne Explains how Much Diddy Gave Him For Ten Years & Spitting in His face / News